One Of The Largest Real Estate Developers In Brazil Now Accepts Bitcoin

Gafisa, one of Brazil’s largest real estate developers, is now accepting Bitcoin as payment for real estate. One of the motivators for Gafisa to accept Bitcoin is to bypass intermediaries. Real estate transactions involve many parties, like banks, real estate agents, brokers, payment processors, etc. Gafisa has partnered with Foxbit and will be using its solution for Bitcoin payments.

One of the motivators for Gafisa to accept Bitcoin is to bypass intermediaries. Real estate transactions involve many parties, like banks, real estate agents, brokers, payment processors, etc. Gafisa has partnered with Foxbit and will be using its solution for Bitcoin payments.

“Bitcoin is the largest cryptocurrency in market value and, technologically, the most [balanced] currency in history,” said Guilherme Benevides, CEO of Gafisa. “It is a currency that is growing in popularity every day, also expanding the possibilities of its use.”

Accepting Bitcoin payments reduces transaction costs since it’s quick and efficient, offers fast settlements, and lowers the risk of fraud. Gafisa is also excited about the disruptive technology and the opportunities that will come with embracing innovation.

Sources